Cognos TM1

IBM Cognos TM1 is enterprise planning software used to implement collaborative planning, budgeting and forecasting solutions, as well as analytical and reporting applications. Similar to Hyperion Essbase, TM1 is a multidimensional data store however it only supports data storage at the “leaf” level.

Having worked with Hyperion Planning solution, I decided to explore the Cognos TM1 offering. The latest version is 9.5 which came out February 9, 2010 and there has been some considerable improvements – the most visible being TM1 Contributor which is a web-based front end. Previously TM1 was basically managed through the Microsoft Excel interface and the TM1 Architect.

In the subsequent posts I will be taking a look at the Cognos TM1 version 9.5 offering starting with the installation.

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4 thoughts on “Cognos TM1

    • I won’t say that one product is better than the other. Each has their pro’s and con’s.

      Overall Hyperion Planning has been in the market for a longer period and hence more iterations have resulted in a refined product. Cognos TM1 is very new and will take some time to be properly integrated with the other products in the stack like Cognos Planning.

      However Hyperion requires much more processing power than an equivalent Cognos TM1 deployment (that is what I have found based on my own personal experience, so don’t take my word for it just yet).

      I haven’t done any reporting on Cognos so I don’t know if the reporting is better than Hyperion Financial Reporting or not. In my experience HFR can be quite difficult at times and there are a lot of things that should have been a part of the product. Cognos AFAIK offers a web-based report development tool so doesn’t require any installation or configuration on user machine.

      Overall, both are capable of handling all the customer requirements so it’s basically an issue of which product the customer leans to. If they have any skillset related to the product it would be better to continue with that than train a new team and maintain it.

    • I think the best option would be to develop a reasonably complex application on both the systems and then run a comparison with the same user load on both. Of course this would require someone to develop a reasonably complex application on both systems and then run the tests. If i end up doing that I’ll be sure to blog about it.

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